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News Breaks
March 14, 2013
16:16 EDTLMCA, LYVLive Nation names Liberty Media CEO non-executive Chairman
Live Nation (LYV) said its board has appointed Greg Maffei as the non-executive Chairman of the Board. Maffei is President and CEO of Liberty Media (LMCA) and has served on the Live Nation board since February of 2011.
News For LYV;LMCA From The Last 14 Days
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October 12, 2015
19:03 EDTLYVLive Nation announces strategic partnership with Telstra
Live Nation Australia, a Live Nation Entertainment (LYV) company, announced a strategic partnership with Australian telecommunications company Telstra (TLSYY). "Telstra customers, via the 'Telstra Thanks' loyalty program, will gain access to a... range of Live Nation benefits, including a first to market 48-hour priority exclusive pre-sale ticket access to all Live Nation music tours, 'Money Can't Buy' experiences, VIP packages, exclusive content and merchandise," said Live Nation.
October 8, 2015
10:00 EDTLYVOn The Fly: Analyst Initiation Summary
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08:10 EDTLYVLive Nation initiated with a Buy at Citi
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October 7, 2015
12:48 EDTLYVPandora sinks after $450M Ticketfly acquisition
Pandora (P), a music streaming and automated music recommendation service, is trading lower after announcing it will acquire ticketing company Ticketfly. Ticketfly competes with much larger rival Ticketmaster, a unit of Live Nation (LYV). WHAT'S NEW: Pandora announced the $450M Ticketfly acquisition this morning, referring to the combination as the definitive music platform for connecting fans, artists and event promoters. The Pandora Ticketfly hook-up will address the "longstanding problem" of finding events by giving promoters and venues access to Pandora's targeted audience of nearly 80M music fans, the company said. "This is a game-changer for Pandora - and much more importantly - a game-changer for music," said Brian McAndrews, chief executive officer at Pandora. "Over the past 10 years, we have amassed the largest, most engaged audience in streaming music history. With Ticketfly, we will thrill music lovers and lift ticket sales for artists as the most effective marketplace for connecting music makers and fans." WHAT'S NOTABLE: Pandora, which competes with Apple (AAPL) Music and Spotify, has been expanding the services it provides to artists. Last year it introduced the Artist Marketing Platform, or AMP, that allows musicians free access to the data it stores about their fan base. In May, Pandora announced that it has agreed to acquire Next Big Sound, a provider of online music analytics. ANALYST TAKE: In a note to investors this morning, Piper Jaffray analyst James Marsh said he sees Pandora accelerating tickets sales across the Ticketfly platform. Marsh, who kept an Overweight rating on Pandora shares, sees substantial leverage for Pandora's sales force platform generating advertising and sponsorship opportunities to live events. According to the analyst, the Ticketfly purchase along with Pandora's past initiatives may pave the way for the music streaming service company to get direct licensing deals that could enable Pandora to offer its service in markets outside the U.S. PRICE ACTION: Shares of Pandora are down 5% to $20.87 uin afternoon trading, while Live Nation is about flat at $25.40.

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